May 9, 2024

Ron Finklestien

Canadian Utilities's Preferred Shares Series 4 Crosses Above 4% Yield Territory

In trading on Thursday, shares of Canadian Utilities Ltd’s Cumulative Redeemable Preferred Shares Series 4 (TSX: CIU-PRC.TO) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.573), with shares changing hands as low as $14.00 on the day. As of last close, CIU.PRC was trading at a 42.24% discount to its liquidation preference amount.

The chart below shows the one year performance of CIU.PRC shares, versus CU:

Performance Comparison Chart

Below is a dividend history chart for CIU.PRC, showing historical dividend payments on Canadian Utilities Ltd’s Cumulative Redeemable Preferred Shares Series 4:

CIU.PRC+Dividend+History+Chart

In Thursday trading, Canadian Utilities Ltd’s Cumulative Redeemable Preferred Shares Series 4 (TSX: CIU-PRC.TO) is currently up about 3.1% on the day, while the common shares (TSX: CU.TO) are down about 0.4%.

Click here to find out which 9 other Canadian dividend stocks just recently went ”on sale” and crossed into new yield territory »

Also see:

• Best High Dividend Stocks
• NXE shares outstanding history
• SPHY market cap history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Subscribe to Pivot and Flow Daily